Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, July 4
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»Regionalizing sports stadium and airport finance in NE Ohio
    Finance

    Regionalizing sports stadium and airport finance in NE Ohio

    July 13, 20244 Mins Read


    A Plain Dealer/cleveland.com analysis just shook up the conversation about sports stadium finance and the future of Cleveland Hopkins International Airport. “Daring to dream big,” the July 7 stories from reporters Lucas Daprile and Zachary Smith, pointed not just to a need for a more regional approach, but also to a potential financing mechanism — if all nine counties in Northeast Ohio adopt a quarter-percent sales tax to underwrite the initiatives.

    This could mean that, finally, the conversation about paying for a new Browns stadium will involve more than just Cuyahoga County and the state. By putting money on the table, Browns fans from Ashtabula County west to Lorain County and south to Summit and Medina counties could get a voice about the design, location and concept of a regional state-of-the-art facility. And Browns owners Jimmy and Dee Haslam might finally see their proposed high-priced domed stadium entertainment complex become reality.

    It’s also long past time to have a regional conversation about how to speed up upgrades to our outdated Cleveland airport to support continued business growth throughout Northeast Ohio – a conversation that would finally involve more than just the city of Cleveland and the airlines.

    Regionalism is not a radical concept. Other regions have embraced it to support sustained, broad-based growth. And once there’s tax money on the table to support regional initiatives, they will come, or so the theory goes.

    A lot still has to be worked out to make this a reality. Will state law allow it? Will the legislature adjust the law, if not? Will all nine counties – Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, Stark and Summit counties – buy into it? Who gets to call the shots in a regional alliance? Will Cuyahoga and other large counties big-foot others?

    Will this big dream crash-land as prior local regionalization initiatives have done, or is the need great enough to push it forward?

    Our Editorial Board Roundtable offers its thoughts.

    Leila Atassi, manager public interest and advocacy:

    I don’t support publicly financing facilities that mostly benefit pro sports teams and their billionaire owners. Many voters would oppose cleveland.com’s proposal for that same reason. What I do support, however, are solutions grounded in regionalism. And this bold proposal has kicked the door wide open for that long-overdue conversation.

    Ted Diadiun, columnist:

    I live in Geauga County and I’d vote for this idea in a heartbeat. What a wonderful way to upgrade the airport and reclaim the lakefront from the huge Browns stadium footprint, among much else. Summit County residents might take more convincing, but who can’t afford a quarter-percent sales tax?

    Thomas Suddes, editorial writer:

    Assuming legislators authorized one, the region’s voters wouldn’t authorize a 0.25% sales tax for sports facilities and a renovated Hopkins — nor should they. Sales taxes are regressive; they burden lower-income consumers more heavily than higher-income taxpayers. Airlines and billionaire team owners, not taxpayers, should pay the tab.

    Eric Foster, columnist:

    Everyone sees the value of pooling resources. The dispute is always who gets to direct the resources once pooled. A king of a molehill is still a king. If things as unifying as Cleveland sports and flying cannot overcome the instinctive desire to cling to power, regionalization has no hope.

    Lisa Garvin, editorial board member:

    Northeast Ohio leaders who fancy themselves as visionaries but won’t embrace regionalism are crippling our economic future just to maintain their fiefdoms. People who pretend they don’t have an interest in the airport or sports stadiums are willfully ignorant. Why can’t we understand that the only way forward is together?

    Victor Ruiz, editorial board member:

    I encourage all of us to seriously consider this idea. Our region cannot compete nationally, nor globally, if we do not figure out how to leverage our collective strengths and resources. I realize that control is a major concern; however, giving up a little power positions us for greater success.

    Mary Cay Doherty, editorial board member:

    Kudos to the plan’s authors for thinking big. But regionalism would require the city of Cleveland to accept more populous tax-paying suburbs as equal partners and potential sites for future stadiums. This seems unlikely. Meanwhile, it also sounds illogical to turn the self-sustaining airport into a perpetual tax burden.

    Elizabeth Sullivan, opinion director:

    Why do I suspect that this bold idea, which could mean a sea change in political attitudes and leadership, is headed for the trash heap — like so many regionalism ideas before it? Local leaders just will not cede power.

    Have something to say about this topic?

    * Send a letter to the editor, which will be considered for print publication.

    * Email general questions about our editorial board or comments or corrections on this Editorial Board Roundtable to Elizabeth Sullivan, director of opinion, at esullivan@cleveland.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMichael Saylor Issues Crucial Bitcoin Warning to German Community
    Next Article Property Transfers June 24-28 | Westport Journal

    Related Posts

    Finance

    Fraisses. Les cours d’écoles toujours plus vertes… Qui finance ces aménagements ?

    July 3, 2025
    Finance

    Un magnat de la finance ouzbek kidnappé en plein Paris avant d’être relâché contre le paiement d’une rançon

    July 2, 2025
    Finance

    Cinq graphiques pour comprendre le nouveau visage de la finance mondiale

    July 2, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    Second home owners hit with cynical tax raid in holiday not-spots

    July 14, 2024
    Investing

    Is Heidelberg Pharma (ETR:HPHA) In A Good Position To Invest In Growth?

    July 13, 2024
    Finance

    des fonctions élargies pour le DG finance

    May 27, 2025
    What's Hot

    Bitcoin Plunges, Ether Has Worst Drop Since 2021 as Crypto Sinks

    August 5, 2024

    Bitcoin Price Watch: Bulls Eye 108k $ alors que Momentum s’accumule dans les délais inférieurs

    June 20, 2025

    Le vice-président des États-Unis JD Vance interviendra à la plus grande conférence Bitcoin au monde

    May 10, 2025
    Most Popular

    Celtic issue stock exchange statement notifying “significantly higher” earnings are expected

    August 6, 2024

    DeepSeek aura-t-il raison de Nvidia ?

    January 28, 2025

    Signs of recovery in Hong Kong property market as Kai Tak flats draw US$218 million in orders

    July 21, 2024
    Editor's Picks

    SGR future in doubt; NVDA slumps; Donald Trump announces China tariff, HVN sales revenue boosted.

    February 27, 2025

    Bitcoin pour voir «Shotpy» les prochaines semaines, BTC retestera-t-il les bas de gamme?

    June 14, 2025

    Les principales cryptomonnaies sont en baisse ; le Bitcoin oscille autour de 97 000 dollars

    May 2, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.